Billion-dollar bust: How Australia helped trap the world’s most wanted money launderer

IT WAS already a high-risk strategy: hand more than $1 million to a known criminal and hope to catch him laundering it.

What made the idea perilous, however, was the fact the money belonged to Australian taxpayers. And the criminal, holed up in Dubai, was notoriously elusive.

“My arse was in the sling,” said Richard Grant, a career cop from Melbourne.

The plan was “lawfully audacious”, but it was the only plan that might work.

For the first time, he has explained its intricate detail to Four Corners.

At the time of the operation, Grant was in charge of covert investigations at the Australian Crime Commission. From a non-descript building in Canberra, the agency operated in utter secrecy, and it wielded extraordinary powers. It could jail those who failed to answer its questions.

via Billion-dollar bust: How Australia helped trap the world’s most wanted money launderer – ABC News (Australian Broadcasting Corporation)